Federal Reserve's Leading Indicator Index 2012-05-01 to 2012-05-31
Florida's leading index pulled back in May, now predicting the six-month growth rate of Florida's coincident index to be 0.12%. This is a 76% decline from April's revised expected growth rate, but a 91% decline from the original figure reported last month. Meanwhile, Florida's coincident index remained unchanged in May after revisions were made. This is the first time the coincident index hasn't advanced in over two years, signaling a possible change in Florida's long-term growth trend.